RBC Capital Believes Amphenol Corp (NYSE: APH) Won’t Stop Here

By Carrie Williams

RBC Capital analyst Amit Daryanani reiterated a Buy rating on Amphenol Corp (NYSE: APH) today and set a price target of $85. The company’s shares closed yesterday at $79.75, close to its 52-week high of $80.14.

According to TipRanks.com, Daryanani is a top 25 analyst with an average return of 23.4% and a 82.3% success rate. Daryanani covers the Consumer Goods sector, focusing on stocks such as Brocade Communication Systems Inc, Hewlett Packard Enterprise, and Benchmark Electronics.

Amphenol Corp has an analyst consensus of Moderate Buy, with a price target consensus of $80.

Amphenol Corp’s market cap is currently $24.34B and has a P/E ratio of 26.85. The company has a book value ratio of 6.2814.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Craig Lampo, the SVP & CFO of APH sold 15,000 shares for a total of $1,200,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Amphenol Corp. manufactures interconnect products. It designs, manufactures and markets electrical, electronic and fiber optic connectors, coaxial and flat-ribbon cable and interconnect systems. The company operates through two business segments: Interconnect Products & Assemblies and Cable Products & Solutions.